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What Is a Debt Collector and Why Are They Contacting Me?

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A debt collector might sound like a character from a Charles Dickens novel, but if you’ve been contacted by one, you know they’re very much a reality of modern financial life. So, what exactly is a debt collector? What Is a Debt Collector? However, they may still try to recover the debt through communication with you.

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How Often Do Debt Collection Agencies Take You To Court? 5 Things to Know

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Generally, the statute of limitations ranges from three to ten years, and once it has expired, the debt is considered “time-barred” and the collection agency can no longer legally collect on it. Alternatives To Court Dealing with a debt collection agency can be stressful and overwhelming.